Price
Consumer Price Index Sees Small Rise in November
Inflation saw a small rise again in November, following no changes in October. After the recent pause in rate hikes from the Fed, this reading is in line with economist predictions that the Fed could continue the pause, and possibly halt rate hikes altogether. The Consumer Price Index saw 0.1% increase in its November reading.… […]
Single-Family Home Prices Had Price Gains in 82.4% of 221 Metro Areas in 2023 Q3
National median home prices rose by 1.1% compared to the previous quarter and 2.2% year over year to $ 406,900. www.nar.realtor – Research
Four in Five Metro Areas Notched Double-Digit Price Gains in Second Quarter of 2022
In Q2 2022, 80% of Metros Saw Double-Digit Price Rise Housing affordability declined as the monthly mortgage payment on a typical existing single-family home with a 20% down payment skyrocketed. Media Contact: Troy Green 202-383-1042
Home Price Gains Contract Slightly in April
As the housing market shifted under the weight of elevated mortgage rates and inflation in April, the most recent S&P CoreLogic/Case-Shiller Indices show that price growth for single-family homes in the U.S. experienced a mild acceleration. The organization revealed that home prices climbed 20.4% in April, slightly down from March’s 20.6%. All 20 cities saw […]
Two-Thirds of Metros Reached Double-Digit Price Appreciation in Fourth Quarter of 2021
In Q4 2021, 67% of Metros Saw Double-digit Price Rise With sustained price appreciation and higher mortgage rates, affordability of single-family homes worsened in Q4 2021. Media Contact: Quintin Simmons 202-383-1178
String of Existing Home Price Increases Now Longest on Record
Existing home sales came in a little lower than expected in November, but it was still the third consecutive gain. The National Association of Realtors® (NAR) said sales of pre-owned single-family houses, townhouses, condos, and cooperative apartments were at a seasonally adjusted annual rate of 6.46 million units, a 1.9 percent increase over the 6.340 […]
94% of Metro Areas Saw Double-Digit Price Growth in Second Quarter of 2021
94% of Metro Areas Saw Double-Digit Price Growth in Q2 Low housing inventory and record-low mortgage rates caused an increase in median sales prices for existing single-family homes during Q2 2021. Media Contact: Quintin Simmons 202-383-1178
Instant Reaction: Consumer Price Index, August 11, 2021
Inflation continued to rise quickly in July. Over the last 12 months the inflation rate rose 5.4%, the same annual rate as in June. www.nar.realtor – Research